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Tom invested \(\$100,000\) with yearly compound interest of \(x\%\) and some other amount of money with yearly compound

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Tom invested \(\$100,000\) with yearly compound interest of \(x\%\) and some other amount of money with yearly compound

by AAPL » Fri Jan 31, 2025 5:29 am

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Tom invested \(\$100,000\) with yearly compound interest of \(x\%\) and some other amount of money with yearly compound interest of \(y\%.\) What is the value of \(x?\)

1. The other amount of money is \(\$2,000\)

2. The total amount of interest earned is \(\$8,300\)

OA E
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